TAG Federal Reserve

Is BoE Rate Hike in Doubt After Inflation Data?

GBP slides as core inflation falls below BoE target Focus is back on the central banks on Wednesday as we await the second appearance this week of Federal Reserve Chair Jerome Powell and the Bank of England’s interest rate plans are questioned following some softer inflation numbers. The pound is tumbling again on Wednesday after…

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Futures Flat Ahead of Powell Testimony

Trump comments unpopular but markets steady It’s been an interesting start to trading on Tuesday, although markets are so far relatively unmoved with European indices mixed and US futures relatively flat ahead of the open. While US President Donald Trump has come under intense criticism for his comments after his meeting with Vladimir Putin, in…

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Monday blues or Dog days of summer

Monday blues or Dog days of summer Whether a case of the Monday blues, the Dog Days of summer setting in or a combination of both, markets struggled for direction despite upbeat US economic data while quarterly earnings have failed to inspire investors. And we might chalk it up to a typical summer afternoon NY…

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US Inflation Eyed as Markets Pare Losses

Markets higher after tariff-related losses It’s been a more positive start to trade on Thursday, with equity markets in the green and paring Wednesday’s losses as investors continue to weigh up what impact the latest trade tariffs will have on the global economy. While markets have typically reacted negatively to any escalation on trade, the…

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A tenuous and unstable state of affairs

A tenuous and unstable state of affairs The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade war could be a reality. But the most damning signal is that dialogue between the…

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All is quiet on the western trade war front

All is quiet on the western trade war front For a change,  all is quiet on the western trade war front as the drop in aggressive US tariff posturing and the nonfarm payroll after effects have propelled US equity market to the third consecutive day of substantial gains. While traders sit tight awaiting the next…

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For the USD , it’s all about this week’s CPI.

For the USD, it’s all about this week’s CPI. Markets dismissed the opening salvo of the  US -Sino trade war as dated news. However, after another Goldilocks NFP,  US stock markets traded positively in the green while the US dollar bears begrudgingly came out of hibernation after US  bond market yields knee-jerked lower. The NFP…

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The trade war is finally upon us

The trade war is finally upon us Traders returned from the 4th of July holiday with few if any convictions ahead of President Trump’s first tariffs that are scheduled to hit $34 billion of Chinese imports later today and Beijing plans to respond with levies on an equal amount of goods swiftly. The Trump administrations…

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The Yuan airbrake

The Yuan airbrake Thankfully for regional risk, the PBoC engaged the Yuan airbrake yesterday afternoon and at least for the time being, with the help of Chinese state-owned banks who were seen selling dollars to prop up the Chinese currency, is restoring a sense of calm in regional markets. China remains at the epicentre of…

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